Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 8,400 shares, a growth of 162.5% from the December 15th total of 3,200 shares. Based on an average daily volume of 7,100 shares, the short-interest ratio is currently 1.2 days.
Valley National Bancorp Stock Down 2.2 %
Shares of NASDAQ:VLYPO opened at $24.60 on Wednesday. Valley National Bancorp has a 52 week low of $20.04 and a 52 week high of $26.01. The company has a 50 day moving average price of $25.14 and a two-hundred day moving average price of $24.86.
Valley National Bancorp Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.5336 per share. This represents a $2.13 annualized dividend and a yield of 8.68%. The ex-dividend date was Friday, December 13th.
About Valley National Bancorp
Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.
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